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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #67,561
  • Mar 12, 2008 4:50am Mar 12, 2008 4:50am
Quoting Pyramid
For me the Bull is Over Bought .
Today is triple swap day but I think , it may go down before to jump up and climb...
ok thanks agreed i m with you
  • #67,562
  • Mar 12, 2008 5:23am Mar 12, 2008 5:23am
207.97 proving annoying at this stage for those going long. Look back to last friday, and then again earlier. This price is proving to be a little tough to get through. Touched it to the pip (pretty much). Come on bulls...

Edit: Where the hell did that drop come from?? lol
  • #67,563
  • Mar 12, 2008 5:41am Mar 12, 2008 5:41am
LOL totalpips. This is super tough for the bulls. But look how nicely UJ hit 50% of yesterday .. Also, cable double top at 07. Needs to break to pull up the GJ.

That 4hr 100ema is holding.
  • #67,564
  • Mar 12, 2008 5:46am Mar 12, 2008 5:46am
No news. So why the collapse?
Regards, Android.
  • #67,565
  • Mar 12, 2008 5:51am Mar 12, 2008 5:51am
Quoting android
No news. So why the collapse?
Probably a chicken
Attached Image
  • #67,566
  • Mar 12, 2008 5:52am Mar 12, 2008 5:52am
Quoting android
No news. So why the collapse?
My guess: big dog.
  • #67,567
  • Mar 12, 2008 5:55am Mar 12, 2008 5:55am
Daily Gann line has always been a very tough S/R level to break. Since the weekly and daily momentum for GJ are very bullish, we might see some more bouncing off this level. UJ is deciding to take a dive again so without UJ's help, GU will need break 2.02 in order for GJ to climb. I'm still on the sideline. I really don't like it when price is trading around the daily gann. This kind of small ranging happens so there's really no trade.
  • #67,568
  • Mar 12, 2008 5:55am Mar 12, 2008 5:55am
Quoting SimonJ
My guess: big dog.
My guess : Big Shark

Bull is full of shait. Bull being eaten by Bear.
  • #67,569
  • Mar 12, 2008 5:56am Mar 12, 2008 5:56am
Quoting android
No news. So why the collapse?
It must be something ... may be some rumors or another financial problem with dollar. Those who have access to real time news channels like bloomberg or channels like that should say. As far as I know malcomb14 is the guy who analyzes and follows these things better than anyone else ...
Discipline + Patience - Fear - Greed = Success
  • #67,570
  • Mar 12, 2008 6:05am Mar 12, 2008 6:05am
Maybe a 4H close above 207.80 (daily gann) will give some hope of breaking out of this massive range. Otherwise, we fall back. Either way she goes, there's many pips to be made, but she needs to make up her mind first.

The daily gann fell down to 207.80 today, which adds to the already very strong resistance in this 207 area. So it didn't help matters. The 4H 100sma is at 208.40. It's also a resistance to look for if we get a break upwards.
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  • #67,571
  • Mar 12, 2008 6:08am Mar 12, 2008 6:08am
Dollar Declines on Speculation Fed Rescue Package Won't Succeed

The dollar fell on speculation the Federal Reserve's plan to provide funds to banks won't be enough to break the gridlock in money-market lending and stem credit losses.
``Read the need for such new measures as being a symptom of what ails the world and not a panacea for its problems,'' said David Simmonds, the London-based global head of currency research at Royal Bank of Scotland Plc, the world's fourth-biggest foreign-exchange trader. ``Stay short dollars.''
A short position is one where traders bet on a drop in the price of an asset.
The U.S. currency also declined as traders wagered the Fed will cut rates by as much as three quarters of a percentage point to prevent a recession, while the European Central Bank keeps borrowing costs unchanged. The yen advanced against the dollar and the euro after Japan's economy grew faster than forecast in the fourth quarter.
  • #67,572
  • Mar 12, 2008 6:08am Mar 12, 2008 6:08am
Perfect. Explains all.

Quoting crashout
Probably a chicken
Regards, Android.
  • #67,573
  • Mar 12, 2008 6:10am Mar 12, 2008 6:10am
Thanks for the serious response.

"rumers" or "un-scheduled news" was my 1st guess. MSNBC not reporting anything so far. We'll see.


Quoting $teve
Maybe a 4H close above 207.80 (daily gann) will give some hope of breaking out of this massive range. Otherwise, we fall back. Either way she goes, there's many pips to be made, but she needs to make up her mind first.

The daily gann fell down to 207.80 today, which adds to the already very strong resistance in this 207 area. So it didn't help matters. The 4H 100sma is at 208.40. It's also a resistance to look for if we get a break upwards.
Regards, Android.
  • #67,574
  • Mar 12, 2008 6:11am Mar 12, 2008 6:11am
[USD/GCC] Today 05:04am
USD v Gulf Common Currency Qatar denies that Gulf central banks will meet on dropping dollar pegs - Says that next week's meeting is regular

however, speculators say they will drop the peg!
  • #67,575
  • Mar 12, 2008 6:24am Mar 12, 2008 6:24am
It seems GU is now gaining more better... It will climb , I think. About USD JPY , the current situation is just a problem in USD , and I think as soon as US market Opens it will be better...
Imagination is more important than knowledge. -- Albert Einstein
  • #67,576
  • Mar 12, 2008 6:25am Mar 12, 2008 6:25am
compare
GJ1h
http://www.tradingrooms.com/chartpos...2008112237.png
http://www.tradingrooms.com/chartpos...2008112250.png
  • #67,577
  • Mar 12, 2008 6:33am Mar 12, 2008 6:33am
We have higher highs on price and lower highs on the indi. Thats a classic bearish divergence. What do you guys think ?
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  • #67,578
  • Mar 12, 2008 6:36am Mar 12, 2008 6:36am
Quoting belekas
We have higher highs on price and lower highs on the indi. Thats a classic bearish divergence. What do you guys think ?
  • #67,579
  • Mar 12, 2008 6:45am Mar 12, 2008 6:45am
Hi all Geppy community .
first of all let us here agreed that all we here to make $ and achieve some success by learn and follow what the chart tell us .

i have two different scenarios .

the first one is long bias i posted a chart ago that indicate that falling green wedge been broken and my target was 450 pip as bull action and there is bigger red wedge will act like resistance at 238 Area in my 2 cents opinion and i mean it,
if that bigger wedge broke in 238.70 by daily candle i will go ride the monster for 1400 pip call and i will bull then.


the second scenario is short bias but that only if the 238.70 not broken and the price make a reverse on that zone so i will feel that time that it may broke the other side of the big wedge and head north .

i will appreciate if others trader discuss with me what i intend to do.
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  • #67,580
  • Mar 12, 2008 6:47am Mar 12, 2008 6:47am
207.7 has held 8 1H bars.
She dropping again and all Mom/QQE's from 1H and below are down.
Still targeting 205.71 area, but short again from 207.30 to 206.20 for a quick scalp.

Then, see if we're rejected at the DP for our move up to 210 and 213 areas.
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